Belvoir in partnership with HSBC
Belvoir Lettings plc, which has an office in Sheep Market, Spalding, has strengthened its growth strategy with an acquisition related loan facility from HSBC which is part of a refinance package with the bank of up to £17m.
It is the UK’s largest high street franchised network of residential lettings and estate agents and aims to accelerate business growth through the acquisition of additional franchises and property-related service companies.
Following a number of acquisitions in recent years, Belvoir Lettings already has around 300 franchisee offices across the country and plans on using the HSBC loan to fund further acquisitions, in support of the group’s future growth plans.
More by this authorSue Webb